Protection From Insurance Company Creditors

With a Variable Annuity your money is invested in a "separate account" so it's not part of the general fund of the insurance company.  This means your money is not available to creditors of the company.  It's yours and no one else's.  Therefore, if the insurance company fails, your account is still available to you as it is always was.

However, if you switch your money to the "Fixed Account" option in your Variable Annuity, the above paragraph does not apply.

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Securities offered through Mutual Service Corporation. Mutual Service Corporation and LPL Financial are affiliated companies and are members of FINRA/SIPC. FINRA web site is www.FINRA.org.  Investment Advisory Services offered through Financial & Investment Management Advisors, Inc., an SEC Registered Investment Advisory Firm. Financial & Investment Management Advisors, Inc. is not affiliated with Mutual Service Corporation or LPL Financial.

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Last modified: June 17, 2008